Mpera Directions 2004 Apr

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Mpera Directions 2004 Apr
Montana. Public Employees' Retirement Board
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(An employee transferring from another PERS-covered position or an inactive PERS member returning to work.) Reporting V\torking Retirees . . . forthePERS & SRS Many retirees are returning to work, whether filling in for a few days/weeks, or returning to work on a special project. Current law imposes various limits on working retirees depending on the retire- ment system. If they exceed the limits, their retire- ment benefit will be reduced. Employers must file a Monthly Working Retiree Certific...ation form with the MPERA each month for PERS and SRS work- ing retirees. The report will account for total paid hours and total wages each month. The employer and employee must sign this report. Do not with- hold any contributions from compensation paid to these retirees employed by your agency. Lim- its for the PERS and the SRS working retirees are summarized on the following page.
(Things... continued on page 4) (Timely Reports continued from page 1) MPERA' s web-based reporting system will assist you in meeting this deadline.


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